Post by fastwalker on Nov 3, 2004 21:25:27 GMT -5
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]CURRENT BUSINESS INFORMATION: U.S. Canadian Minerals, Inc. has entered into joint venture agreement with Nevada Minerals, Inc. to develop up to 500,000 acres of potential Kimberlite Mineral property located in Canada. Kimberlite is the raw materials from which diamonds are extracted. The Company has conducted preliminary drilling and obtained core samples that are presently being examined in a geological laboratory. There is no guarantee that any of the samples or samples taken from any other area near the property will yield Kimberlite with diamonds.
The Company is required to contribute 5,000,000 shares of its common stock as its capital contribution to the joint venture. As a result of this capital contribution, the Company shall be entitled to receive 20% of the revenue generated from the property. The value of this transaction approximates $6,900,000 based upon the fair value the said shares on the consummation of such agreement. The property is owned Nevada Minerals, Inc. The joint venture has a term that expires on January 20, 2005.
HISTORICAL BUSINESS INFORMATION: On September 19, 2001 Ebait, Inc. announced the acquisition of the Company, a Nevada corporation.
During October 2001, the Company completed the reverse merger with E-Bait, Inc.
On October 3, 2001, the Company finalized the acquisition of JSCO, a Utah Corporation producing labels, packaging supplies and equipment for manufacturing companies in California, Idaho, Montana and Utah. The acquisition of JSCO will enable the Company Barrington to reduce costs in packaging as well as providing necessary equipment and expertise.
On October 12, 2001 Ebait Inc./The Company finalized a distribution sales agreement in Vietnam. The Vietnam operations will have its first sales office in Saigon.
On December 3, 2001, the Company?s Board of Directors approved and recommended that the Articles of Incorporation be amended in order to effectuate a name change, increase in common share capital, and reverse the outstanding Common Stock. The details are: (1) effecting a change of Ebait to Barrington Foods International, Inc. (2) changing the domicile of the corporation from California to Nevada; (3) increase the total authorized capital stock of the corporation to 100,000,000 shares of Class A Common Stock; 1,000,000 Series A Preferred; 1,000,000 Series B Preferred; and, 1,000,000 Series C Preferred; and (4) effecting a ten for one reverse stock split.
On February 22, 2002, the Company announced that it will hold a special meeting of the Board of Directors to approve the formation of a new Southeast Asia joint venture and to nominate Michael A. Kauffman, Esq. to join the Company as a Director and President. As recently announced by the Company, Sheldon Rosenberg, a certified public accountant, has been acting as the company's president and Chief Financial Officer. Mr. Rosenberg will continue to act as the Company's CFO and has been nominated to become a member of the Executive Advisory Committee reporting directly to the Board of Directors. On February 27, 2002, the Company's Board of Directors approved the 50/50 joint venture in Vietnam and Thailand together with the establishment of a representative office in Ho Chi Minh City. The joint-venture partner is a privately owned food distributor based in Ho Chi Minh City with offices also in Hanoi.
In May 2002, the Company formed a strategic alliance with West Coast Ingredients, Inc. of Modesto, California. Under current agreements, West Coast Ingredients, Inc. would become responsible for both blending and packaging the Company's proprietary products.
On January 2, 2004, the Company changed its name from Barrington Foods International, Inc. to U.S. Canadian Minerals, Inc. and its ticker symbol from BFII to UCAD.
On January 20, 2004, the Company effected a 1-for-125 stock-split dividend.
Company tansisition..
Symbol Name Expiration Date
UCAD U.S. Canadian Minerals, Inc
BFII Barrington Foods International Inc 01/20/2004
BFIIE Barrington Foods International Inc 12/30/2003
BFII Barrington Foods International Inc 12/01/2003
BFIIE Barrington Foods International Inc 09/26/2003
BFII Barrington Foods International Inc 08/27/2003
BFIIE Barrington Foods International Inc 04/25/2003
BFII Barrington Foods International Inc 04/23/2003
BFIIE Barrington Foods International Inc 05/24/2002
BFII Barrington Foods International Inc 04/22/2002
EBAI E-Bait Inc
]CURRENT BUSINESS INFORMATION: U.S. Canadian Minerals, Inc. has entered into joint venture agreement with Nevada Minerals, Inc. to develop up to 500,000 acres of potential Kimberlite Mineral property located in Canada. Kimberlite is the raw materials from which diamonds are extracted. The Company has conducted preliminary drilling and obtained core samples that are presently being examined in a geological laboratory. There is no guarantee that any of the samples or samples taken from any other area near the property will yield Kimberlite with diamonds.
The Company is required to contribute 5,000,000 shares of its common stock as its capital contribution to the joint venture. As a result of this capital contribution, the Company shall be entitled to receive 20% of the revenue generated from the property. The value of this transaction approximates $6,900,000 based upon the fair value the said shares on the consummation of such agreement. The property is owned Nevada Minerals, Inc. The joint venture has a term that expires on January 20, 2005.
HISTORICAL BUSINESS INFORMATION: On September 19, 2001 Ebait, Inc. announced the acquisition of the Company, a Nevada corporation.
During October 2001, the Company completed the reverse merger with E-Bait, Inc.
On October 3, 2001, the Company finalized the acquisition of JSCO, a Utah Corporation producing labels, packaging supplies and equipment for manufacturing companies in California, Idaho, Montana and Utah. The acquisition of JSCO will enable the Company Barrington to reduce costs in packaging as well as providing necessary equipment and expertise.
On October 12, 2001 Ebait Inc./The Company finalized a distribution sales agreement in Vietnam. The Vietnam operations will have its first sales office in Saigon.
On December 3, 2001, the Company?s Board of Directors approved and recommended that the Articles of Incorporation be amended in order to effectuate a name change, increase in common share capital, and reverse the outstanding Common Stock. The details are: (1) effecting a change of Ebait to Barrington Foods International, Inc. (2) changing the domicile of the corporation from California to Nevada; (3) increase the total authorized capital stock of the corporation to 100,000,000 shares of Class A Common Stock; 1,000,000 Series A Preferred; 1,000,000 Series B Preferred; and, 1,000,000 Series C Preferred; and (4) effecting a ten for one reverse stock split.
On February 22, 2002, the Company announced that it will hold a special meeting of the Board of Directors to approve the formation of a new Southeast Asia joint venture and to nominate Michael A. Kauffman, Esq. to join the Company as a Director and President. As recently announced by the Company, Sheldon Rosenberg, a certified public accountant, has been acting as the company's president and Chief Financial Officer. Mr. Rosenberg will continue to act as the Company's CFO and has been nominated to become a member of the Executive Advisory Committee reporting directly to the Board of Directors. On February 27, 2002, the Company's Board of Directors approved the 50/50 joint venture in Vietnam and Thailand together with the establishment of a representative office in Ho Chi Minh City. The joint-venture partner is a privately owned food distributor based in Ho Chi Minh City with offices also in Hanoi.
In May 2002, the Company formed a strategic alliance with West Coast Ingredients, Inc. of Modesto, California. Under current agreements, West Coast Ingredients, Inc. would become responsible for both blending and packaging the Company's proprietary products.
On January 2, 2004, the Company changed its name from Barrington Foods International, Inc. to U.S. Canadian Minerals, Inc. and its ticker symbol from BFII to UCAD.
On January 20, 2004, the Company effected a 1-for-125 stock-split dividend.
Company tansisition..
Symbol Name Expiration Date
UCAD U.S. Canadian Minerals, Inc
BFII Barrington Foods International Inc 01/20/2004
BFIIE Barrington Foods International Inc 12/30/2003
BFII Barrington Foods International Inc 12/01/2003
BFIIE Barrington Foods International Inc 09/26/2003
BFII Barrington Foods International Inc 08/27/2003
BFIIE Barrington Foods International Inc 04/25/2003
BFII Barrington Foods International Inc 04/23/2003
BFIIE Barrington Foods International Inc 05/24/2002
BFII Barrington Foods International Inc 04/22/2002
EBAI E-Bait Inc
